On the short side

September 19th, 2005 by eyal | Filed under Day Trading. | Print This Post Print This Post

Market tone is obviously very bearish today so I’ve taken a couple of shorts. NYSE stocks for a change. I usually trade NASDAQ stocks du jour so focusing on listed issues today seems like moving from jets to turbo prop. Everything is in slow motion from prints to execution but trends and risk control are still more or less the same. I’ll need to write more about listed, planning to do that in a few days. Watching and analysing isn’t quite the same as actual trading and execution.

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2 Responses to “On the short side”

  1. Jon Tait | 21/09/05

    I do this also. Nasdaq stocks long, and NYSE stocks on the short side. One of my biggest reasons for this is the premium paid in the buyout of an NYSE stock won’t burry you like it will in nasdaq stocks in most cases. One of my biggest losses this year came from being short KRB (mbna bank) when they were bought out by BAC: 20% premium but it could have been a LOT worse =)

  2. eyal | 21/09/05

    Hey Jon, that’s an interesting approach to separate those two into long vs. short candidates. I think I am slowly moving towards more NYSE stocks, I find them slightly more ‘reliable’ to read than NAZ.

    I got burned the same way by KRB in my longer term portfolio as well.. the risk of over-night.

    Thanks for the comment.

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